Bank CEO Issues Warning As America’s Interest Expense on National Debt Outpaces National Defence, Medicare

Speaking to Bloomberg Television in an interview on Monday, May 13, Goldman Sachs CEO David M. Solomon sounded the alarm bells on America’s huge level of national debt and the interest expense on it, an expense that now exceeds the amount spend on Medicare and national defense. That long-running problem has been exacerbated by the rising interest rates that have come with Federal Reserve Chairma...

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